Scholarships, Bursaries and Awards Future Students
Table of Contents 2.
Financing Your Education
3.
Becoming Financially Aware
4.
Knowing Your Expenses
5.
Guaranteed Entrance Scholarships
6.
Entrance Scholarship Grid
7.
Additional Entrance Scholarships
8.
Entrance Bursaries & Awards
9.
Funding Opportunities for Current Students
10.
Work While You Study
11.
Student Loan Programs
12.
Ontario Student Assistance Program (OSAP)
13.
Visualizing Your Budget
14.
My University Budget
Financing Your Education Over $11,000,000 Awarded Annually Over 150+ On-Campus Student Jobs
Save on Tuition with Government Grants
A university education is one of the most important investments you will make in your life, as it will be one that pays off for years to come. At Lakehead University, we offer you an affordable and quality education that is far from ordinary. Paying for your tuition, fees and supplies is a reality of attending university, but at Lakehead University, we are committed to helping you fund your education. Annually, we give over 11 Million Dollars to students just like you. With our generous Scholarships, Bursaries, and Awards, our goal is to help you with the costs involved in attending University. Together, we can help make your dreams come true. Student Awards and Financial Aid
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Becoming Financially Aware There are so many ways we can help you fund your education. The first step is to understand the different terms used. Here’s a handy guide to help you navigate your way.
Scholarship: Money awarded to support a student’s education, based on academic or other achievement. Bursary: Money awarded as financial assistance to students based on financial need rather than on academic achievement.
Award: Money given based on recognition of academic achievement and financial need. Loan: Money that students will have to repay Government loans are interest and payment-free while you are in school full-time. Grant: Money that you will not have to pay back. Expense: Money that needs to be spent to receive something in return. (E.g. tuition is an expense) Resource: Money that you have that can be used to spend on expenses. (E.g. employment income is a resource) Budget: A list of your expenses subtracted from a list of your resources to show how much money you will have left over.
Knowing Your Expenses Knowing the costs involved in attending university is important as you begin planning for your education. The costs will vary based on the program in which you plan to study. In addition to the cost of tuition, you also need to think about books, supplies, transportation and parking, as well as living expenses such as residence. Your costs will vary based on whether you are moving away from home or staying close to home. Read more to learn about our scholarships, bursaries, and awards to help offset your costs and make your university education affordable.
Student Awards and Financial Aid
4
Guaranteed Entrance Scholarships Automatic. Fully Renewable. No application required. Rewarding exceptional academic performance, we guarantee funding to entering high school students who are studying at a high school in Canada and who have a minimum of 80% average from a recognized Canadian high school curriculum.
For more information on our entrance scholarships, please visit: lakeheadu.ca/entrance-scholarships
Entrance Scholarship Grid 1 2 2 2
1 Renewable providing a 90% average is achieved in each academic year; if average is between 80.0% - 89.9%, renewable at $2,500 per annum for each subsequent year. 2 Renewable providing an 80% average is achieved in each academic year.
Three rounds of scholarships: March, May & July. Based on your average, our highest offer is our final offer.
Student Awards and Financial Aid
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Additional Entrance Scholarships Presidential Scholarship Total Value: $30,000 Yearly Value: $7,500 for 4 years Scholarships Available: 2 Am I eligible for this scholarship? I am a Canadian Grade 12 high school student. I have achieved a minimum 90% admissions average. I have demonstrated leadership qualities, and have made significant contributions to my high school and community.
Application Required
Northwestern Ontario and Simcoe County Citizenship Scholarship
Lakehead University Varsity Athletics Scholarship
Total Value: $3,000 Yearly Value: $3,000 for 1 year Scholarships Available: 10
Total Value: Up to $4,500 Yearly Value: Up to $4,500 for 1 year
Am I eligible for this scholarship? I am a grade 12 high school student studying in Northwestern Ontario or Simcoe County. I have achieved a minimum 85% admissions average. I have modeled good citizenship within my high school and community.
Nomination required by your Guidance Office.
Am I eligible for this scholarship? I have achieved a minimum 80% admissions average. I have met all CIS and OUA eligibility requirements. I will be a member of a Lakehead University varsity team.
Entrance Bursaries and Awards General + Travel Bursary
Campus Tour Bursary
Specialist High Skill Major Award
General Bursary Value: $1,500 Travel Bursary Value: $800 Total Value: Up to $2,300
Total Value: Up to $500
Total Value: $500
Am I eligible for this bursary?
Am I eligible for this bursary?
I am a Canadian Grade 12 high school student.
I am a Canadian Grade 12 high school student.
I am a Canadian Grade 12 high school student.
I have demonstrated financial need on my bursary application.
I have demonstrated financial need on my bursary application.
I have traveled 150KM or more to visit campus for a tour or open house event.
I have completed one of the following Specialist High Skill Majors: Arts & Culture, Business, Environment, Health & Wellness, Mining, or Sports.
Am I eligible for these bursaries?
I may qualify for the Travel Bursary because I live 700KM or more from the campus where I’ll be studying.
Browse all of our Scholarships, Bursaries and Awards:
lakeheadu.ca/future-students/scholarships
Student Awards and Financial Aid
8
Funding Opportunities for Current Students lakeheadu.ca/future-students/scholarships
Once you become a Lakehead student, the opportunities for scholarships and bursaries continue. Current students are encouraged to review and apply for the different awards available including: Fall / Winter Bursary, Returning Student Bursary, and several In-Course Scholarships and Awards! For more information (including deadlines and application procedures) visit us online.
Work While You Study Working as a student is a great way to build your resume and make money. We understand that it may be difficult to balance work with your studies. Through our Work Study Programs, we make it easy to earn additional income and gain valuable experience by offering over 150 jobs right on campus to students like you. Employers are flexible and work around your class schedule, ensuring you have the perfect balance between work and study.
Lakehead University Work Study Program
Lakehead University Summer Work Program
Total Weeks of Employment: 20 Hours Per Week: 10 Application Period: August - October
Total Weeks of Employment: 16 Hours Per Week: 35 Application Period: March - June
lakeheadu.ca/work-study Student Awards and Financial Aid
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You don’t have to pay for university all by yourself! The Ontario Student Assistance Program (OSAP) is here to help. What is OSAP? The Ontario Student Assistance Program is financial aid to help students pay for university. What types of financial aid are available? OSAP is a combination of grants and loans. It is important to know that Loans are both interest and payment free while you are in school full-time.
Student Loan Programs
How do I apply? There are three basic steps the first time you apply for OSAP: Step 1: Begin your application at ontario.ca/osap by registering as a new user. You will be assigned an OSAP Access Number and will create an OSAP profile. Step 2: In the spring, after you have been accepted to Lakehead, complete your OSAP application and gather your supporting documentation. Step 3: Upload the required supporting documentation to your OSAP Application on ontario.ca/OSAP or mail to Lakehead University, Student Central.
Ontario Student Assistance Program When do I apply? OSAP applications open in the spring. The earlier you start your OSAP application, the sooner you can find out if you qualify for funding and how much financial aid you will receive. What else do I need to know about OSAP? • Both full-time and part-time students can apply. • As a full-time student, you can choose to receive only non-repayable grants if you do not want the loan. • OSAP is available to dependent students, mature students, married students, and students with children. • If there are unexpected changes to your situation after you apply, you can request a review of your assessment. Ontario Student Grant (OSG) When you apply for OSAP, you are automatically assessed for the OSG based on your family income: • If your family income is below $50,000 per year, you will have average tuition fully covered. • If your family earns more than $50,000 per year, you may still qualify for grant funding. • Middle-income students will also receive generous OSAP grants and loans. Learn more about the Ontario Student Assistance Program and fill out the easy OSAP estimator online to see how much you could qualify for: ontario.ca/osap Student Awards and Financial Aid
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Take a look at this student example to learn more about how budgeting works. Syed - Mississauga, ON Criminology, Orillia Campus
• Grade 12 Average: 92% • Parental Income: $47,000 • Living in Residence w/ Meal Plan
Visualizing Your Budget Budgeting is an important part of being a university student. A budget will allow you to forecast all of your projected resources and expenses for the year, so you can prepare accordingly.
Estimated Resources Entrance Scholarship Entrance Bursary Fall Winter Bursary Work Study Program Ontario Student Grant Government Loans Estimated Expenses Tuition + Fees Books Residence Bills Travel Personal Total Estimated Resources Total Estimated Expenses Balance
$2,500 $1,500 $1,750 $2,000 $7,000 $7,290 $7,101 $1,000 $11,372 $600 $400 $1,000 $22,040 - $21,473 + $567
My University Budget Estimated Resources
Estimated Expenses
Savings
Tuition + Fees
OSAP (Loans + Grants)
Books
Total Scholarships, Bursaries & Awards
Residence + Meal Plan Bills (Cell Phone, Credit Card, etc)
Other Resources (Work, Parental Gifts, etc.) Travel: Total Resources: Total Expenses: Balance:
Personal (Entertainment, Personal Care) − = Student Awards and Financial Aid
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Supporting Your Success
It is our commitment to ensure that you have all the skills required to become Money Wi$e. Learn more at lakeheadu.ca/money-wise
Being independent for the first time provides many learning opportunities. Students coming to university for the first time have many financial responsibilities that they may not fully understand. It is important to know that we are here to help at Lakehead University. Let us support you with: • Scholarship & Bursary Application Advice • Student Loan Assistance • Money Management • Budgeting • Debt Repayment • Tips, Tricks and so much more!
STUDENT CENTRAL Thunder Bay: (807) 343-8206
Orillia: (705) 330-4008
lakeheadu.ca